Lundin Mining Co. (TSE:LUN) Stock Has Average Price Target of C$39.81

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$39.81.

Several equities research analysts have recently weighed in on the company. TD reduced their price objective on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Stifel Nicolaus raised their price objective on shares of Lundin Mining from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Desjardins dropped their target price on shares of Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. ATB Cormark Capital Markets dropped their target price on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research report on Monday, August 24th. Finally, National Bank Financial cut their target price on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$28.05 on Friday. The business has a 50 day moving average price of C$33.66 and a 200 day moving average price of C$35.83. Lundin Mining has a twelve month low of C$23.66 and a twelve month high of C$45.74. The company has a market cap of C$23.88 billion, a price-to-earnings ratio of 16.03, a PEG ratio of -0.26 and a beta of 2.16. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, November 4th. The mining company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$1.58 billion for the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.